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THE National Food Authority (NFA) said it has procured 11.52 million bags of palay, or unmilled rice, as of Nov. 20, amid the ongoing rice harvest.
BAGUIO CITY — Philex Mining Corp. said the initial stages of development of its Silangan gold and copper project in Surigao del Norte could be delayed if it canot raise $350 million in financing by the first half of 2020.
SAN MIGUEL Corp. (SMC) said it conducted pilot tests on the first road in the Philippines made from recycled plastics, to help address the country’s plastic waste problem.
BAGUIO CITY -- Baguio City hopes to close all small-scale mines within city limits by the first half of 2020 as an environmental-protection measure.
SUSPENSION of rice importation amid the ongoing harvest, as ordered by President Rodrigo R. Duterte, should have no impact on inflation, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday.
GLOBAL Ferronickel Holdings, Inc. (GFNI) agreed to ship one million wet metric tons (WMT) of ore to Baosteel Resources International Co. Ltd. in 2020.
ACTION for Economic Reforms (AER), a non-government organization, warned the administration against sending any signals that would call into doubt the future of the Rice Tariffication Law, saying that its repeal will give rice traders even more leverage to depress the price they pay to farmers.
THE Department of Agriculture (DA) said it hopes to add another P3 billion to its unconditional cash assistance fund for more rice farmers severely affected by falling palay prices.
THE Department of Finance (DoF) said it will look into “potential distortions” in the rice market, citing the wide gap between farmgate and retail prices.
ENVIRONMENT SECRETARY Roy A. Cimatu has ordered a speedy investigation on the Integrated Forest Management Agreement (IFMA) of agricultural company M&S CO. in South Cotabato and Sultan Kudarat.
THE hog industry remains positive about its prospects this year, noting that the number of animals culled in the wake of the African Swine Fever (ASF) outbreak remains small, while prices are also expected to rise, prompting growers to increase production.
ARTHALAND Corp. has been given the second highest credit rating by a local debt watcher for its planned issuance of fixed-rate green bonds worth P3 billion.
GLOBAL Ferronickel Holdings, Inc. (GFNI) posted a 19% increase in its attributable net income in the three-month period ending September, as it benefitted from the increase in nickel ore prices and shipped higher-grade nickel ore.
THE Senate unanimously passed a resolution opposing the liberalization of sugar imports, citing the potential impact on more than 800,000 sugar farmers and workers across 20 provinces.
THE Philippine Nickel Industry Association (PNIA) said it is pressing for a bigger role in an international industry group to better anticipate market developments.
AXELUM Resources Corp. posted a 32% increase in net income in the third quarter, despite lower revenues as it shifted to production of high-margin products.
THE national rice inventory was estimated at 2.279 million metric tons (MMT) as of October 1, up 43.4% from a year earlier, and up 23.7% month-on-month, the Philippine Statistics Authority (PSA) said.
GOLDEN RICE, developed by biotechnologists to address Vitamin A deficiency, is still in the process of completing field trials before it applies for permission to be commercially propagated, officials said, amid the risk that it could get caught up in a broader debate about the safety of genetically-modified foods.
SOCIAL enterprise Uproot Urban Farms said it hopes to establish 10 grow hubs in Metro Manila next year to serve the growing population which it believes may not be adequately served by the agriculture industry in its current state.
THE Mines and Geosciences Bureau (MGB) said it is projecting the mining industry to grow next year, factoring in the priority mining projects in the pipeline, as well as increased prices for nickel ore due to the export ban in place in Indonesia, the top producer.
THE CAPITAL MARKETS Integrity Corp. (CMIC) has placed R&L Investments, Inc. under involuntary suspension as it continues its probe on the stock brokerage that was reportedly forced to stop operating after an employee allegedly stole stocks from the firm worth more than P700 million.
THE Department of Environment and Natural Resources (DENR) said it has launched a responsible mining information campaign which it hopes will promote “pro-people” business practices while clearing up the public’s “misconceptions” about the industry.
NICKEL Asia Corp. said net profit fell 43% in the nine months to September due to weak nickel prices as well as a stronger peso and investments in loss-making processing plants.
LOCAL SHARES ended flat on Friday in the face of MSCI rebalancing and signs of improving Sino-US trade ties, staying above 8,000 for the fifth straight day and gaining for the fifth week in a row.
FARM OUTPUT grew by its fastest clip in more than two years in the third quarter, as increments in most subsectors offset a drop for palay which accounted for 15% of total value of production, the Philippine Statistics Authority (PSA) reported on Wednesday.
BARCELONA -- The complex El Niño weather pattern that can bring disastrous heavy rainfall and long droughts to countries around the Pacific -- from Peru to Indonesia and Australia -- will probably emerge again in 2020, researchers have predicted.
THE South Korean government has given the green light for three Philippine poultry manufacturers to start exporting chicken to South Korea.
THE Department of Agriculture will implement by the end of the year its National Zoning Plan governing the movement of pork products, amid resistance from some local governments to shipments of such items from areas affected by African Swine Fever (ASF).
AN URBAN planner wants to transform Mindanao into the “front door” of the Philippines, beginning with the development of the Davao Region.
FUNDING authorized by the Sugar Industry Development Act (SIDA) is sufficient to make the sugar industry competitive after 5-10 years, sugar industry stakeholders said.
THE Negros Occidental government is looking into imposing a permanent ban on entry of pork and pork products from African Swine Fever (ASF)-affected areas as a means to protect the province from the continuous spread of the virus.